China’s economy losing some steam as investment growth hits 18-year low

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China’s economy losing some steam as investment growth hits 18-year lowChina posted a rare flurry of disappointing data on Thursday — including its slowest growth in investment in nearly 18 years — suggesting the world’s second-largest economy is finally starting to lose some momentum as borrowing costs rise. Factory output and retail sales also grew less than anticipated, though a rebound in property sales and construction starts is likely to keep China’s overall growth relatively robust and comfortably on target ahead of a key leadership reshuffle next month. “I think the risk (for China) isn’t in the next couple of months but rather the next couple of years,” said Capital Economics’ Julian Evans-Pritchard.

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